Ong Swee Thong

24/04/2020

Overall industrial occupancy rates remain relatively high at 89.2% and unchanged from 4Q2019. However, sales of factory and warehouse properties cooled on the back of more cautious market sentiments.

“Sales volumes are expected to remain muted as the market takes a wait-and-see approach. The [industrial] market will likely trend lower over the year, as the impact of two months of strict social distancing measures filter through,” says Brenda Ong, head of logistics and industrial at Cushman & Wakefield.

Industrial sales volumes are expected to remain muted as the market takes a wait-and-see approach

24/04/2020

Private residential property prices fell 1% q-o-q in 1Q2020, after rising for three consecutive quarters, absorbing the blow of Covid-19 on the economy.

Looking ahead, sales volume in 2Q2020 for both the primary and secondary markets are looking at 3% to 5% contraction in private residential prices this year. However, over the long term, Singapore’s safe haven status and stable currency are likely to garner interest from foreign buyers.

Private residential property prices fell 1% q-o-q in 1Q2020, after rising for three consecutive quarters, absorbing the blow of Covid-19 on the economy

28/07/2019

With private residential home prices for Q2 2019 rising 1.5% quarter-on-quarter has led to analysts to suggest that the private home prices could grow slightly year-on-year for 2019 on the back of good take up rate for new launches.

The Q2 positive results were mainly contributed by strong showing from the Core Central Region (CCR) and Rest of Central Region (RCR) with prices of non-landed properties rising 2.3% and 3.5% respectively.

PRIVATE home prices rose 1.5 per cent quarter-on-quarter in Q2 in the first increase since last July's cooling measures, and analysts suggest that private residential prices for 2019 could grow slightly year-on-year on the back of new launches. Read more at The Business Times.

28/06/2019

"The government will continue to monitor the property market and stands ready to help ensure a healthy market" say Mr Ravi Menon, managing director of Monetary Authority of Singapore.

10/05/2019

The latest rules on CPF usage and HDB housing loans will provide more flexibility for Singaporeans who are buying a home for life while securing a basic level of retirement income.
These changes, which apply to the purchase of HDB flats, private properties and executive condo, take effect on 10th May 2019.
If you need further clarification, please feel free to PM me.

13/04/2019

*Q1 2019 Property Market Update Snippets*
1) March condo resale volume reached the highest volume since the last property cooling measures in July 2018, but they are still 41% lower than a year ago.
2) The Resale Price Index however is just 0.6% lower than its last peak in July last year before the cooling measures were implemented.
3) Buying interest for resale homes is expected to pick up further in selected locations spur by marketing activities arising from new project launches.
4) Price for non-landed homes in CCR was hit hardest by last July cooling measure falling 2.9% QoQ, whereas RCR and OCR remained unchanged.

09/02/2019

Hope this would significantly reduce the waiting time.

09/02/2019

Although there is a 43% increased in number of HDB resale flats sold last month in Jan 2019 as compared to a year ago, the resale prices were 1.1% lower YoY.
Well! What does this tells you?
Happy to share my in-depth analysis with you over coffee. Pls PM me for appointment.

30/01/2019

"In the quarter, the non-landed segment managed a 0.5 per cent increase, helped by the Rest of Central Region (RCR) and Outside Central Region (OCR) segments which rose by 1.8 per cent and 0.7 per cent quarter-on-quarter.
Despite signs of caution, the market is not expected to cave in. Analysts generally expect prices to be flat or rise slightly in 2019, with Ms Li from Cushman & Wakefield, predicting up to 3 per cent increases in prices barring external shocks."

THE private residential property market here could face some demand tests ahead as higher interest rates and heftier duties from the authorities' cooling measures weigh on buyers' wallets. Read more at The Business Times.

04/01/2019

The number of Housing Board flats that changed hands in December 2018 was 23.9 per cent lower than in November, a bigger fall than a year ago, according to flash data from real estate portal SRX on Thursday (Jan 3).

This was the fifth straight month of decline since July’s cooling measures which included a tightening of loan limits.

“The bigger month-on-month fall and lower number of resales could be due to the effects of the recent cooling measures and concerns about the depreciating value of ageing flats this year,” OrangeTee & Tie research head Christine Sun noted.

This was the fifth straight month of decline since July’s cooling measures which included a tightening of loan limits.. Read more at straitstimes.com.

04/01/2019

PRIVATE home prices eased 0.1 per cent in the fourth quarter of 2018 over the preceding three months, according to a flash estimate provided by the Urban Redevelopment Authority (URA) on Wednesday morning.

Breakdown by Region:
Core Central Region (CCR) - Prices fell by 1.5 per cent versus a 1.3 per cent increase in the previous quarter.
Rest of the Central Region (RCR) - Prices increased by 1.8 per cent after a decrease of 1.3 per cent in the previous quarter.
Outside the Central Region (OCR) - Prices edged up 0.8 per cent after registering a 0.1 per cent dip in the previous quarter.

PRIVATE home prices eased 0.1 per cent in the fourth quarter of 2018 over the preceding three months, according to a flash estimate provided by the Urban Redevelopment Authority (URA) on Wednesday morning. Read more at The Business Times.

10/12/2018

No better way to close out the year than to receive appreciation letter from another client. Glad that I’m able to add value and help them along on their life journey.
Appreciate and thankful for the trust they have in me.